- The Italian Revenue Agency issued a letter clarifying VAT treatment of real estate services for non-residents.
- The guidance addressed VAT territoriality for services related to property sales and mortgage cancellations.
- VAT is generally due in the country where the client or provider is located, but real estate services are subject to VAT in the jurisdiction where the property is situated.
- The taxpayer’s residence status does not affect VAT obligations if the services are directly connected to a property in Italy.
- Certain real estate services in Italy are exempt from standard VAT rules.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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